Apparent consumption of cold rolled coils (CRC) in Mexico decreased 2.5 percent, year-over-year, in April to 349,000 metric tons (mt). It is the third consecutive annual drop, although it is the lowest compared to 19.5 percent in February and 11.8 percent in March, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis.
CRC was the fourth product with the highest consumption and the fourth in production of finished steel products in Mexico.
Production also decreased 11.1 percent or 32,000 mt to 256,000 mt. It is the third annual drop and adds to the drop of 15.6 percent in March and the drop of 18.0 percent in February.
In the international market, exports plunged 75.7 percent, compared to April 2022, totaling only 9,000 mt. Imports also decreased 3.7 percent to 103,000 mt.
In international trade, for every ton of CRC exported from Mexico, in April, 11.4 tons were imported and for every 100 tons of CRC consumed in Mexico, production contributed 73.4 percent.